The US Dollar index has weakened by over 8.5% since the beginning of the year, standing at 99.2 on Wednesday (4 June), according to data from MarketWatch.
Earlier this week, Bank of England governor Andrew Bailey said at a Treasury Select Committee hearing that non-US investors are currently reassessing the amount of US risk they want to take amid the recent selloff in Treasuries which have hiked yields and a fall in the greenback’s value.
But Bailey said the dollar maintains an embedded presence in world markets and added: “If you think about the role that US Treasuries perform …
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